Car insurance prices in the UK have decreased significantly in Q4 of 2024, averaging £769, down from £885 in the same period last year. This reduction brings relief to drivers, who face rising expenses from repairs and taxes. London tops premium costs at £1,144, while areas like the West Midlands and Yorkshire also report high averages. Experts recommend drivers check policy accuracy, including personal information and vehicle modifications, to maintain low insurance costs. They express hope that this downward trend in prices will persist into 2025.
"At a time when so many are struggling to keep budgets in place, the news that insurance premiums are starting to come down in price comes as much-needed relief."
"Motorists in London are paying the most for their policies, with premiums as high as £1,144 in December."
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